UNITDSPR Breakout, Long for IntradayUNITDSPR Breakout closing in 15 Min. chart, Rectangle/Flag & Pole pattern breakout.
Daily Trend is also upwards
Wait for the retracement then can go for long position.
Question : Why wait for retracement?
Ans : Already made 8 green candles, there is a high probability that a red candle can be formed only then we can see the intensity and exact seller price.
If sellers are strong then it can be a breakout fail or if buyers are strong then that red candle will be act like a small stoploss/better price place for Buyers.
Note: This is just an analysis wait for the price to confirm.
Disclaimer :
Always follow Risk to Reward, because this is the key to success in this business, no matter how much good a trade is looking, we never know the future.
Flagandpolepattern
$NSE:BALKRISIND Bullish flag pattern on a weekly chartThe flag pattern is a powerful trend continuation pattern. It represents a brief consolidation after a strong price movement.
In this example of NSE:BALKRISIND ,
The stock rallied by 44%/~1000 in 8 weekly bars - 56 days
Currently, the price has broken out of the channel and is in the same direction as the initial trend of the chart.
It corrected 9% /~302 before breaking out.
Disc - invested, for educational purposes only.
TTML (Tata partner with BSNL) - Rumor or Boomer :)There is lot of speculation in the market that Tata is investing / partnering with BSNL to provide high speed 4G & 5G services. Though there is a "Proposal" of such sort, its still in preliminary stages and "AS USUAL" the Market had a Speculative Blast already
TTML hit 20% UC today basis this....
If this Rumored news ends up as Rumor....
Then Price would Burst out like a Boomer....
Comparison of Quarterly Vs Daily Chart:
1. On Quarterly: The Price had formed a Massive Flag-Pole pattern and Broke-out of the pattern today with 20% UC. For the Breakout to be effective, it has to Break-above the Previous High Resistance of 99.5. If broken and sustained above 99.5 - Weekly Closing - then Target would be 185
2. On Daily: Price had broken-out of Inverted Head and Shoulder Pattern along with Parallel Channel (Flag) breakout.
Now - there are 2 options for the Price
1. If the News is True: Price would blast further up hitting a Target of 145 in short term (Target for Inv H&S + Rounding Bottom BO above 107
2. If the News ends up just as a Rumor: Price would take resistance at 99 and fall back to the next support levels at 90.5 or would retest the Falling Parallel Channel Trendline (Breakout - Retest) which is still bullish
After such a massive breakout, it is highly unlikely to return back within the Parallel Channel even if the news is Rumor.
Fresh Entries - WAIT for Further Confirmation of Fall to Support Level (or) Successful Breakout above 99.5 Weekly closing....
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
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-Team Stocks-n-Trends
A Higher High or All Time High?NIFTY 50 Index recently jumped up to set all time high. Looking at the index chart(s), a Flag and Pole pattern appears to be forming after this rally. A consolidated range break is imminent and we may start to see establishment of green zone after series of red hurdles. A bit of observation while staying patient will be the best therapy to see the picture unfold and give a direction of where the market wants to move.
I'm Finally Blasting "IFB" Industries :) - Part 2IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern.
After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets
Targets
1) 1500
2) 1990
3) 2800
4) 4000
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Ramp Walk REMO stealing the show - Arvind FashionsArvind Fashions is doing Bold Ramp Walk :)
On Weekly - we see Double Bottom Pattern, Followed by Flag Pole - All Breakouts powerful and successful and heading to defined targets steadily
Target 1 - 517 (Reached)
Target 2 - 531
Target 3 - 640
Target 4 - 700
Target 5 - 780
As part of the Budget there is incentives for Textile industry and we expect strong upside on many Textile Stocks and Arvind Fashions on Technical Chart is having a Powerful structure to grow much higher
Keep Holding your Winners
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Mining thru the Miner Stock - VedantaMulti-Timeframe Analysis of Vedanta:
Decoding the Dividend Yield
Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a Collateral "Gains" for us - the retail investors - who also got big chunk of Dividends. I used to say in a funny way "As long as Vedanta is in Debt - I will enjoy Hefty Dividends" :) This is real and realized profits unlike the stock prices which goes up and down
Flag Pole Break Out on Monthly Chart
As you can see, VEDL has completed a Flag Pattern BO on Monthly level with huge target of 488
Multi-Bullish Patterns on Daily Chart
On the Daily - there are multiple bullish Patterns
1. Cup and Handle - BO started today
2. Inv Head & Shoulder embedded inside the Cup - Target Reached
3. While forming the Handle portion - it also completed the BO - Retest of Flag Pattern which is a Very Healthy sign
Vedanta is all set to Shine Bright & Hot in the upcoming days - especially when the Metal Index is also on BO - there is no stopping for this beauty now :) :) :)
NIFTY IN SUPER BULLISH MODE READY TO BULLISH INDIA
NIFTY SPOT TARGETS UPDATED
TARGETS BASED ON MONTHLY CHART - BULLISH FLAG WITH CUP AND HANDLE PATTERN. FOR EDUCATIONAL PURPOSE
Tgt 1 : 20243± (SHORT TERM)
Tgt 1 (A) : 21132± (SHORT TERM)
Tgt 2 : 22465± (LONG TERM - Maximum by Dec 2024)
Tgt 2 (A) : 25598± (LONG TERM - Maximum by 2026)
Tgt 1 & Tgt 2(A) tracking From 31/08/2022 when Nifty spot was trading at 17759.
Tgt 1(A) & Tgt 2 tracking From 01/06/2023 when nifty was trading at 18579.
Note : The above is my personal view based on chart pattern and shared it for educational purpose only.
In between ups and downs are quite common. Market will test us by some dips. No Gain without Pain.
Tgts get invalid when Nifty spot closes below 15000
If any Changes in the chart pattern I will share it during that time.
Used Support, Resistance, Chart Pattern and My Eyes as an Indicator.
Chances of hitting the tgt based on Chart Pattern 70 - 80%
Rest MARKET IS SUPREME.
Let's see how Market Behaves.
STAY INVESTED & ENJOY THE RALLY
One Point : One solution for your worries One Point One solution
History repeats itself shown in two flag n pole pattern on this idea script as :
Now breaking out of 2nd pennant of flag after pole formed
CMP 18
Weekly chart pattern looks very promising
Also took the same support on 50 Fibonacci level
Sl can be placed below 14 closing basis
Book profit partially at rise accordingly
mahindra & mahindra big break out prememptingm_m large cap automobile showing breakout signals at levels of 1332
it has box break out of tgt of
target 1) 1332+119 = 1451
target 2) 1332+238 = 1570
sl is of 70 points ehich is 1332-70 = 1260 on weekly closing basis
we are preempting so keep qautntity low when give close above 1332 for 2 weeks then increase quantity
also we can see on longterm flag and pole breakout
its on longterm basis and can take minimum 6 months for this break out sl will be 1190on weekly closing basis
buy right sit tight
keep position sizing in check
wealth generation takes longterm
Ultratech Cement Ultratech Cement is looking in a good momentum on up side, also it has done breakout of flag n pole chart pattern in daily time frame along with good intensity of volume, along with trend indicators confirmations, overall it looks good candidate to go long, all the key levels are mentioned in chart with Stop-loss and Targets.
All the key levels are mentioned in chart with Stop-loss and Targets
Chart pattern flag n pole breakout on daily time frame
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly positive and Uptick
Rsi in daily above 60 uptick
Rsi in weekly uptick and also above 60
Upper BBC in daily
Dmi adx also positive
RK buy signals
Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
I am not responsible for any kind of your profits and losses
Please consult your Financial advisor before trading or investing
Flag and pole on IBMHeya fellow traders,
Back with my signature Flag and pole on a weekly chart with IBM. clear flag and pole formed from 2020 drop till today including the current bear market.
Oscillators shouting a BUY.
So, what are you waiting for. Small stop loss below the latest candle with a 70% return.
Thank me later !